The state-owned coal miner, Coal India Limited (CIL) had produced 602.14 million tonnes in FY20 registering degrowth of 0.8 percent. The company had produced 606.89 million tonnes for the same period last year. The company missed the target of 660 million tonnes by 9 percent despite registering all-time high production of 84.36 million tonnes in the month of March 2020, up by 6.5 percent YOY.
The company had set a new record by producing 3.85 million tonnes of coal on March 30, highest ever production in a day since its inception. Its two subsidiaries Northern Coalfields Ltd and Western Coalfields Ltd produced 108.05 million tonnes and 57.64 million tonnes, registering a growth of 6.5 percent and 8.4 percent respectively. These two subsidiaries surpassing their production targets for the year 2019-2020, had achieved 102 percent and 103 percent of their respective targets. SECL, another arm of CIL produced 150.55 million tonnes for the FY20.
However, CIL registered a production growth of 9.9 percent in Q4 FY20 as compared to the same period last year. The company reported that it had produced 213.71 million tonnes during January-March 2020, an increase of 19.26 million tonnes compared to 194.95 million tonnes of coal produced for the same period last year.
